Orbcomm active on M&A front, sees major demand boost 

by Peter B. de Selding

Takeaways from Orbcomm’s May 4 earnings results:

— Expect a midsize acquisition using high-yield bond proceeds this year.

— Hali service for small maritime vessels to extend AIS business reach.

— Giant order with China’s CIMC appears to be on the horizon.

— Company scrambling to meet increased product demand this year.

PARIS — Satellite M2M/IoT provider Orbcomm Inc. told investors to expect a midsize acquisition in the coming months now that a $250-million high-yield bond . . .

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